Tagged: H&R Block

Politics
5:54 pm
Mon February 11, 2013

H&R Block: Louisville 7th Most Taxed City in America

Credit hrblock.com

H&R Block has released a graph showing what many have said for years, Louisville is one of most tax burdened cities in the country.

The findings are based on a study conducted by the chief financial officer of Washington, D.C.

That reported was touted by Councilman Ken Fleming, R-7, as a reason for Mayor Greg Fischer's administration to think twice about pushing a local option sales tax.

H&R shows that a hypothetical family of three with an annual income of $50,000 pays an estimated $6,346 in taxes annually.

That means Louisville residents carry a 12.7 percent tax burden, ahead of Boston, Massachusetts at 12.3 percent and just behind Chicago, Illinois at 12.8 percent.

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